predicting VMW near-term price action by comparing it to FFIV
FFIV and VMW are similar players in the same tech landscape. Even their stock price movement mirror one another to a great extent. Back in Oct 24 last year, FFIV missed earning and guide lower, there were great deal of concern over it's long term growth prospect. Its share price plummeted from up 90es down to 80ish the next day... it's stock price movement afterwards was interesting in that VMW may follow the same price action as FFIV has demonstrated last quarter. Click the link below to see the chart:
In term of laying-off 900... come on, it's not that big deal... If you have ever worked, you know among 10 workers, it is not that hard to spot one or two slackers that you can do better without.
Hold tight, fellows. It will be a lot of ups and downs going forward. Keep in mind though:
1. wall street analysts are a bunch of #$%$;
2. the Cloud is getting crowded, it's worth noting that VMW is taking proactive steps in order to take advantage of future growth opportunities;
3. EMC/VMW are NOT going bankrupt.